
Securing the Future of Management Education
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Content
- Front Cover
- Securing the Future of Management Education: Competitive Destruction or Constructive Innovation?
- Copyright Page
- Contents
- Acknowledgements
- Foreword: Discussing the Future
- Chapter 1 Introduction: Success and Failure in Management Education
- Preface
- Where does Management Education Stand? What is Its Current Positioning?
- Introduction
- AACSB Concerns
- EFMD Concerns
- Colby Report Concerns
- Recent Books on the Strengths and Weaknesses of Management Education
- The Evolution and History of Business Schools
- Reform of Management Education
- Addressing the Gaps in Specific Skills in Management Programmes
- Specific Skill Gaps
- Implications of Innovation for Educational Pedagogy
- Leadership and Innovations in Business Schools
- Current Views on the Future of Business Schools
- Summary and Conclusions
- Appendix
- Chapter 2 Lessons Not Learned in Management Education
- Introduction
- Business Schools Must Reinvent Themselves
- Business Schools and Research Conduct
- Business Schools and More Innovative Graduates
- Business Schools and Business School Deans
- Business Schools and Future Trends
- Lessons Not Learned in Management Education
- Lessons About the Purpose, Rationale and Mission of Business Schools
- Lessons About Management Research, Its Performance and Its Impacts
- Lessons About Management Teaching, Pedagogy and Programme Delivery
- Lessons About the Structure and Functioning of Business Schools
- Summary and Conclusions
- Hamel's Observations on Business School Lessons
- Lessons Learned from Our Interviews with Management Education Experts
- Chapter 3 On-Going Challenges Confronting Management Education
- Introduction
- Perceived Value of Management Education
- External Challenges
- Skills Demanded by Students and Employers
- Lack of Relevance and Impact of Management Research
- Competition and Reputation
- Globalisation
- Internal Challenges
- Rigour in Research
- Faculty
- Lack of Change
- Financial Sustainability
- Other Challenges for Business School Models
- Technology
- Legitimacy and Value
- Conclusions
- Chapter 4 Future Scenarios for Management Education
- Introduction
- Possible Future Scenarios Described in the Extant Literature
- Introduction to Scenarios Generated by Our Expert Panel
- Best-Case Scenarios for Management Education Over the Next 10 Years
- Improved Value to Stakeholders
- Structural Changes in the Field
- Most Likely Scenarios for Management Education Over the Next 10 Years
- Structural Changes in the Field
- Strong Competitive Pressures
- Greater Scrutiny of the Value Proposition to Stakeholders
- No Change
- Worst-Case Scenarios for Management Education Over the Next 10 Years
- No Change
- Failure to Provide Value to Stakeholders
- Damaging Effect of Competition
- Constraints Imposed by the Structure of the Management Education Field
- Summary of Scenarios
- What Would Trigger Change in the Most Likely Scenario?
- The Financial Model of Management Education
- Lack of (Changes in) Demand for Management Education
- Shortage of Faculty
- Demand-Side Pressures for Change (External Threats)
- Ideal Models of Management Education
- Crucial Educational Fusion
- The Agora Model
- Vision 50+20
- Summary and Conclusions
- Chapter 5 Conjectures: The Road Travelled and the Road Less Travelled
- Introduction
- The Rhetoric of Legitimacy
- Business Schools have Legitimacy
- Unresolved/Unsure About the Legitimacy of Business Schools
- Business Schools Lack Legitimacy
- The Rhetoric of Ethics and Responsibility
- Criticism Is Not Justified
- Criticism Is Justified . for Some Schools
- Criticism Is Justified
- The Rhetoric of Globalisation
- The Rhetoric of Growing Commercialisation of Higher Education
- Growth of Private Sector Role in Management Education
- Issues with Quality of Private Sector Providers
- Competition from Private Sector Providers
- The Road Less Travelled: Unmasking Potential Key Triggers for Change
- The University System
- The Curriculum in Management Education
- Conclusion
- Chapter 6 Blind Spots, Dominant Logics, Tipping Points and Critical Issues for the Future: Unfolding Gaps
- Introduction
- The Impact of Technology
- Technology and the Severity of Change
- The Geography of Learning - Where Students Learn
- Modes of Learning - How Students Learn
- Technology and the Incumbent Business School Model
- The Relevance Gap between Academia and Practice
- An Increasingly Academic Pursuit
- Weak Links to the Business Community
- The Rigour-Relevance Dilemma in Management Research
- The Paradigm Trap in Business School Curricula
- The Need to Realign the Value and Purpose of Management Education with New Realities
- An Outdated Dominant Design
- The Need to Define New Terrain and New Models
- Ethics, Corporate Social Responsibility and Sustainability
- The "Bolt-on" Approach
- Lip Service and Slow Reaction
- Integration into the Curriculum
- Leadership by Business Schools
- The Entrepreneurship "Blind Spot
- Innovation in Business Models and Management Practices
- The Need for New Business Models
- The Design of New Business Models
- The Leadership "Blind Spot
- Leadership and Leadership Skills Development
- The Leadership Characteristics of Deans
- Globalisation in Transition - The "Glocalisation" "Blind Spot
- Conclusion
- Chapter 7 Uncertain Futures: What Should Business Schools Do Now?
- Introduction
- Consistent Themes
- Adaptability of Management Education and Its Capacity for Change
- Barriers to Change
- Triggers for Change
- Responding to the Challenge of Change
- External Challenges
- Internal Challenges
- What Must Management Education do to Produce Better Managers?
- Soft Skills
- Thinking Skills
- New and Not-so-New Domain Areas
- Transforming Management Education
- Reviving the Professionalisation Project
- Reinstating Stakeholder Primacy
- Rethinking Tenure
- Resisting the Paradigm Trap
- Conclusion
- Afterword: Transformation and Future Change in Management Education
- References
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